Gift Focus inc Attire Accessories - March/April 2024

Show news Fashion trade show updates to keep you ahead of the crowd Europe’s fastest-growing sourcing show, Source Fashion, has announced its trend partnership with retail trends consultancy Insider Trends, and launches a Transparency Report and webinar exploring what transparency and accountability really looks like in retail. Exploring whether retail can ever truly consider itself sustainable when it’s all about the sale of new things; how even resale, repairs, and rental have an environmental impact and are treated as add-ons for businesses who make money selling new products; and a move away from terms like ‘sustainable’, the Transparency Report outlines how fashion and retail can move forward. Suzanne Ellingham, Director of Sourcing, Source Fashion says; “We’re delighted to continue our partnership with Insider Trends. Delivering meaningful, no-nonsense insights on the future of retail all backed by solid data, means we can transfer that knowledge to our audience. The Transparency Report is hugely valuable for all stakeholders – transparency and accountability start with retailers and brands being honest with themselves.” Source Fashion has also partnered with independent economics research consultancy Retail Economics to deliver year-round retail trends and insights. MODA RETURNS TRIUMPHANT; WELCOMED OLD AND NEW BRANDS ALIKE Moda recently welcomed numerous coveted accessories brands with diverse and versatile product ranges including handbags, purses, luggage, hair accessories, scarves, hats, and statement pieces. Esteemed brands like BasketBasket, known for their commitment to sustainability, returned alongside others such as EarthSquared and Joya Socks. New brands, such as DScarf and Felir Design from Africa, also made their debut, which allowed for an engaging and innovative exhibition that mirrored the dynamic shifts in consumer preferences and industry trends. Looking ahead, Moda offered a fashion forecast for 2024. The global accessories market stands out as a beacon of rapid evolution, mirroring ever-changing consumer preferences. This flourishing market has become one of the fastest-growing segments in the past year. Beyond the large demand for accessories, today’s consumers seek on-trend, distinctive pieces that not only complement their style but also redefine their entire outfits. In this fast-paced environment it remains vital for fashion accessories brands to stay innovative and continuously keep up with the newest fashion trends to succeed within the sector. Ever-changing consumer trends have helped to grow the global fashion accessories market, making it one of the fastest growing segments. As stated by Statista, the demand for these products is thriving in countries such as the United Kingdom, France and the United States. The contemporary consumer is not just looking for accessories; they’re seeking on-trend, unique pieces that define their style and elevate their outfits. In anticipation for the upcoming season, there is a notable change in what consumers are looking for. According to WGSN, the modern consumer, is in search of accessories that not only elevate style but also offer practicality and enduring value. Due to the cost-of-living crisis, the trend of gifting accessories has gained prominence. In response, brands are pivoting away from holiday-specific items, focusing instead on designing durable products suitable for a wide range of occasions throughout the year. Versatility is emerging as a key criterion, with consumers looking for designs that can be worn for seasons to come. Addressing the growing demand for sustainability, forward-thinking companies are incorporating responsible materials such as ethical leather, plant-based alternatives, repurposed denim, and recycled metals into their seasonless accessory designs. This eco-conscious approach not only aligns with consumer values but also underscores the industry’s commitment to a more sustainable future. SOURCE FASHION LAUNCHES TRANSPARENCY REPORT WITH INSIDER TRENDS ON WITH THE SHOW 11